InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,615.35
(
0.55%
)
US TECH 100
19,798.00
(
0.61%
)
Dow Jones
40,000.90
(
0.62%
)
Brent Oil
84.57
(
-0.63%
)
Bitcoin
57,756.98
(
0.71%
)
Post# of 376163
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

jaybird249

Send PM Follow Ignore
Followers 82
Posts 2822
Boards Moderated 0
Alias Born 05/05/2006

jaybird249

Re: None

Tuesday, 08/21/2007 11:19:14 AM

Tuesday, August 21, 2007 11:19:14 AM

Post# of 376163
FMT $5 +.65 $12 a few weeks ago! Good Forbes article on FMT SOLD Subprime Business!! Financial services provider Fremont General Corp. said Thursday that it appointed Ronald J. Nicolas Jr. as its new chief financial officer to replace Patrick E. Lamb, who resigned Monday to accept a position with another company.

Fremont was hurt earlier this year by the housing slump, which led to increased defaults among its subprime mortgage customers. The company sold its residential mortgage and commercial real estate lending businesses earlier this year, however, and the company now consists primarily of its profitable banking arm, Fremont Investment & Loan.

In May, a well-known bank turnaround specialist, Gerald J. Ford, bought a 20 percent stake in the company and is expected to become chairman once the investment receives regulatory approval.

http://www.forbes.com/feeds/ap/2007/07/1...


Sentiment : Strong Buy

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up